Malawian Utilities Defensive Blue Chips

Aon

Market Cap: US$73.1b

A professional services firm, provides a range of risk and human capital solutions worldwide.

Monster Beverage

Market Cap: US$72.2b

Through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally.

MediaTek

Market Cap: NT$2.2t

Engages in the research, development, production, manufacture, and marketing of multimedia integrated circuits (ICs) in Taiwan, rest of Asia, and internationally.

ANZ Group Holdings

Market Cap: AU$106.8b

Engages in the provision of banking and financial products and services to retail and business customers in Australia and internationally.

Cigna Group

Market Cap: US$70.1b

Provides insurance and related products and services in the United States.

Hygon Information Technology

Market Cap: CN¥493.3b

Engages in the research and development of computing chip products and systems in China.

Tokio Marine Holdings

Market Cap: JP¥10.6t

Engages in the non-life and life insurance, and financial and general businesses in Japan and internationally.

Federal National Mortgage Association

Market Cap: US$67.1b

Provides financing solutions for residential mortgages in the United States.

NatWest Group

Market Cap: UK£49.6b

Provides banking and financial products and services in the United Kingdom and internationally.

Nongfu Spring

Market Cap: HK$516.4b

Produces and sells packaged drinking water and beverage products primarily in Mainland China.

SoftBank

Market Cap: JP¥10.3t

Provides mobile communications and fixed-line telecommunications and ISP services in Japan.

Cencora

Market Cap: US$66.1b

Cencora, Inc. sources and distributes pharmaceutical products in the United States and internationally.

KDDI

Market Cap: JP¥10.3t

Engages in the provision of mobile telecommunications services in Japan and internationally.

Oversea-Chinese Banking

Market Cap: S$85.1b

Provides financial services in Singapore, Malaysia, Indonesia, Greater China, rest of the Asia Pacific, and internationally.

Japan Tobacco

Market Cap: JP¥10.2t

A tobacco company, manufactures and sells tobacco products, pharmaceuticals, and processed foods in Japan and internationally.

América Móvil. de

Market Cap: Mex$1.2t

Provides telecommunications services in Latin America and internationally.

Truist Financial

Market Cap: US$63.4b

A financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States.

Nordea Bank Abp

Market Cap: €53.7b

Offers banking products and services for individuals, families, and businesses in Sweden, Finland, Norway, Denmark, and internationally.

Moore Threads Technology

Market Cap: CN¥442.3b

Engages in the development of GPU chips and related products.

Travelers Companies

Market Cap: US$62.1b

Through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally.

Arthur J. Gallagher

Market Cap: US$61.7b

Provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide.

Assicurazioni Generali

Market Cap: €52.4b

Provides various insurance solutions under the Generali brand in the Americas, Italy, rest of Europe, Africa, the Middle East, Asia, and the Oceania.

Wuliangye YibinLtd

Market Cap: CN¥434.4b

Manufactures and sells liquor and wine products under the Wuliangye brand in China.

Crédit Agricole

Market Cap: €52.3b

Provides retail and corporate banking, insurance, and investment banking products and services in France, Italy, rest of the European Union, rest of Europe, North America, Central and South America, Africa, the Middle East, the Asia Pacific, and Japan.

Industrial Bank

Market Cap: CN¥432.1b

Provides banking products and services in the People’s Republic of China.

Engie

Market Cap: €52.1b

Operates as an energy company, engages in the renewables and decentralized, low-carbon energy networks, and energy services businesses in France, Europe, North America, Asia, the Middle East, Oceania, South America, Africa, and internationally.

Saudi National Bank

Market Cap: ر.س227.1b

Through its subsidiaries, provides banking and investment management services in the Kingdom of Saudi Arabia and internationally.

Life Insurance Corporation of India

Market Cap: ₹5.4t

Provides life insurance products in India, Fiji, Mauritius, and the United Kingdom.

Manulife Financial

Market Cap: CA$82.5b

Provides financial products and services in the United States, Canada, Asia, and internationally.

Bank Central Asia

Market Cap: Rp986.0t

Provides banking products and other financial services to individual, corporate, and small and medium enterprise customers in Indonesia and internationally.

Sempra

Market Cap: US$58.1b

Operates as an energy infrastructure company in the United States and internationally.

Singapore Telecommunications

Market Cap: S$75.2b

Provides telecommunication services to consumers and small businesses in Singapore, Australia, and internationally.

NXP Semiconductors

Market Cap: US$58.1b

Provides semiconductor products in China, the United States, Germany, Japan, Singapore, South Korea, Mexico, the Netherlands, Taiwan, and internationally.

Saudi Telecom

Market Cap: ر.س216.3b

Provides telecommunications, information, media, and digital payment services in the Kingdom of Saudi Arabia and internationally.

Société Générale Société anonyme

Market Cap: €49.0b

Provides banking and financial services to individuals, corporates, and institutional clients in Europe and internationally.

Danone

Market Cap: €48.9b

Operates in the food and beverage industry in Europe, Ukraine, North America, China, North Asia, the Oceania, Latin America, rest of Asia, Africa, Turkey, the Middle East, and the Commonwealth of Independent States.